Jack in the Box

10735 Silverdale Way Northwest, Silverdale, WA 98383

$3,058,000

Cap Rate 4.48%

Views: 27 DOM: 60 Updated: 04.25.24 Posted: 03.17.24 Status: Active

Summary

Price $3,058,000	Built/Renov 2008	Tenant Jack in the Box
Cap Rate 4.48%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,388	Lease Start 07-01-2008	#Units 2,186
Price/SF $1,280.57	Expiration 06-30-2028	Tenant Type Fast Food/QSR
NOI $136,980	R. Term 4.1	Ownership Fee Simple
Rent/SF $57.36	Increases 12.0%/5/yrs	Pop 5Mi 72,945
Lot/AC 0.62	Options 2/10yrs/12%	AHHI 5Mi $94,788

Lease Highlights

Jack in the Box has been operating in this location since 2008
The tenant has 4+ years remaining on the current lease term with 2 (10-year) options to extend
The lease features 12% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Jack in the Box is strategically located on Silverdale Way, with access to 23,993 vehicles passing by daily. The property sits as an outparcel to the highly successful Kitsap Mall, which boasts anchor tenants such as Kohl’s, Macy’s, Sephora, Cost Plus World Market and more. The 5-mile trade area is supported by a population of 72,945 residents boasting an average household income of $94,788....

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Key Features

In location for years
Near major nationals
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Affluent suburb location
Income tax free state
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Jack in the Box Wikipedia Jack in the Box Wikipedia Silverdale, Washington Zip Code 98383 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jack in the Box
Guarantor:Corp Traded
Company:Jack in the Box, Inc.
# Units:2,186
Stock: NASDAQ: JACK

About Tenant

Jack in the Box, Inc. is a quick-service restaurant chain primarily found on the West Coast of the United States. They serve a broad selection of distinctive products targeted primarily at the...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	7,075	38,526	76,830
2022 Total Population :	7,000	37,934	75,807
2022 Employed Civilian Pop :	3,425	17,020	33,720
2022 Total Businesses :	833	1,317	1,952
2022 Average Household Income :	$ 94,348	$ 113,579	$ 112,346
2022 Total Consumer Spending :	$ 262 M	$ 1347 M	$ 2684 M
2022 Median Age :	35	37	38
2022 Total Households :	3,212	13,902	28,017
2022 Pop Age 25+: Bachelor's Degree :	1,268	6,451	12,383
2022 Average Home Value :	$ 511,538	$ 483,826	$ 505,062

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
NW Randall Way	Silverdale WayNW	2011	8,689	0.04 mi
Myhre Pl NW	NW Randall Way	2010	1,080	0.08 mi
NW Myhre Rd	Silverdale WayNW	2012	4,138	0.08 mi
Myhre Pl NW	NW Randall Way	2015	1,896	0.10 mi
NW Randall Way	Myhre Pl NW	2013	9,547	0.11 mi
NW Myhre Rd	Mickelberry Rd NW	2012	9,856	0.14 mi
Silverdale Way NW	NW Kitsap Pl	2013	12,000	0.20 mi
Mickelberry Rd NW	NW Myhre Rd	2013	6,324	0.21 mi
Silverdale Way NW	Myhre Pl NW	2013	13,062	0.22 mi
NW Myhre Rd	Mickelberry Rd NW	2013	5,638	0.22 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7372 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6796 Views
40 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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